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Assume $20m was invested today to provide for pension payments for a group of employees. Assume also that the average return on these funds was
Assume $20m was invested today to provide for pension payments for a group of employees. Assume also that the average return on these funds was 8.5%. Suppose at year 12 the fund decreased in value by 30%. What returns would be required for the next 13 years to achieve the 25 year amount?
Use the financial calculator method to solve this question.
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